StockWatch
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Telecom -  Equipment & Accessories
Board Meeting11 Jul 2026, 03:30 pm

Avantel Ltd Board Approves Director Re-appointments and Committee Reconstitution

AI Summary

Avantel Ltd announced that its Board of Directors, in a meeting held on July 11, 2026, approved key personnel changes and committee re-constitutions. Mr. Abburi Siddhartha Sagar was re-appointed as Executive Director (Strategy & Business Development) for five years from March 8, 2027. Mr. Peddi Bala Bhaskar Rao was appointed as Additional Director (Operations) for three years from July 11, 2026. Mr. Vyasabhattu Ramchander was re-appointed as Independent Director for a second five-year term from May 6, 2027. All appointments are subject to shareholder approval via postal ballot. The Board also reconstituted the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee.

Key Highlights

  • Re-appointment of Mr. Abburi Siddhartha Sagar as Executive Director for five years.
  • Appointment of Mr. Peddi Bala Bhaskar Rao as Additional Director (Operations).
  • Re-appointment of Mr. Vyasabhattu Ramchander as Independent Director.
  • Reconstitution of key Board committees including Audit and Remuneration.
  • All appointments require shareholder approval through postal ballot.